July 15, 2009

In the Fed We Trust?

Andrew M. Gause is one of America's foremost experts on the history of money and the US banking system. Andrew is the author of two books on the US monetary system: The Secret World of Money, and Uncle Sam Cooks the Books. He is also the editor of The World of Money newsletter.

Congressman Ron Paul has brought forth legislation (HR 1207) seeking an audit of the Federal Reserve. While it is gaining momentum, Andrew believes that no such audit will reveal what needs to be revealed and that the Fed would find a way to disguise the actual existence of whatever it is that's being sought.

President Obama is seeking to grant the Federal Reserve greater power, giving the Federal Reserve Bank of New York exclusive supervisory capacity over virtually every business in America. According to Andy, if the Fed had the regulatory ability to inquire into the business activity of any company, they believe they could find the pockets of risk that would swamp the system.

Has the Fed been able to prevent economic problems throughout U.S. history? Andy believes it's quite the contrary. Hee notes that evidence can be cited to show that the Federal Reserve System, led by the Federal Reserve Bank of New York and its owners, caused the crash of 1929.

Who owns the Federal Reserve? Are they accountable to anyone? What is the connection between the U.S. Treasury and the Federal Reserve? What would greater regulatory power given to the Fed mean for private businesses? How does President Obama stand to gain from this? These questions and more are dealt with on this edition of Crosstalk.

More Information

http://www.andygause.com
800-468-2646

http://www.usgoldcoins.com

To obtan a gold investment audio CD call:
800-878-2646

To order today's program on CD or Cassette for a donation of $6.00

Online: Use the link at the top of this entry

By mail:

Crosstalk
3434 W. Kilbourn Ave.
Milwaukee, WI 53208

By phone: 1-800-729-9829 M-F 8am-5pm Central